Dow Jumps 350 to Record; Nasdaq, S&P 500 Slip
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- Dow jumped roughly 350 points to a record high as a drop in oil prices fed bets on a stronger broader economy
- Nasdaq and S&P 500 slipped into the red, hit by a rollover in chip stocks, with the session playing out ahead of Warsh's first Federal Reserve meeting as chair
Why it matters: The split tape — a record Dow against slipping tech-heavy benchmarks — shows a single-day rotation out of chips and into cyclicals and energy names, leaving traders repositioning into a new Fed chair's debut meeting where rate-path signals could reshape that trade.
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